GIFT Nifty showed positive momentum, rising by 100 points, while most markets in the Asia-Pacific region traded lower. Additionally, the price of Brent crude oil fell by 5%. The Nifty50 index may start trading on a positive note due to statements from US President Donald Trump, which raised hopes for a peace agreement with Iran.
According to data for Monday, August 3, 2026, GIFT Nifty futures were valued at 24,589, representing an increase of 136 points. This occurred after US President Donald Trump announced that negotiations with Tehran would begin on Monday, leading to a drop in oil prices.
In the Asia-Pacific region, most exchanges showed declines. The largest fall was recorded on the KOSPI of South Korea, whose index dropped by more than 4 percent. Japan's Nikkei 225 index traded 1.84 percent lower, and Hong Kong's Hang Seng index fell by 3.9 percent.
Previously, last Friday, the Dow Jones Industrial Average and S&P 500 showed growth of 0.53 percent and 0.7 percent, respectively, while the Nasdaq Composite closed higher by 1 percent.
The drop in oil prices is linked to Trump's statement about an imminent deal in the Strait of Hormuz. August futures were valued at $83.70, indicating a decrease of 4.81 percent. Meanwhile, gold and silver futures rose by 0.21 percent and 1.21 percent, respectively.
In the context of the US market, US stock futures rose on Monday morning after US President Donald Trump announced the start of negotiations with Tehran on Monday, increasing expectations of a potential cessation of hostilities in West Asia. Dow Jones and S&P 500 futures traded 0.50 percent and 0.56 percent higher.
Furthermore, the article includes lists of companies whose first-quarter reports are expected today, as well as information on IPOs. The initial public offering of Anawil Wire & Engineering will open on Monday with the aim of raising 177.81 crore rupees. The second subscription day will be open for the IPOs of G.V. Electricals and Fusion Klassroom Edutech. MV Electrosystems and Juniper Green Energy will enter the final subscription day on Thursday. Dhaval Packaging and Oneindig Technologies will also complete their subscriptions on Thursday. Manipal Health Enterprises will debut on the stock exchanges on Monday, receiving a 5.12 times subscription on the last day.
